Zheng Peiming, an insider at Otis Worldwide Corp (OTIS), sold 12,216 shares of company stock on December 2, 2025, at a price of $86.94 per share. The total transaction value amounted to $1.06 million. Following this sale, Peiming retains 12,216 shares in the company.
This transaction highlights the ongoing activity among insiders at Otis, a company known for its manufacturing and installation of elevators and escalators. Otis Worldwide Corp, headquartered in Farmington, Connecticut, employs 72,000 full-time workers and serves customers in over 200 countries. The company went public on March 18, 2020, and operates in two segments: New Equipment and Service. The New Equipment segment focuses on the design and installation of various elevator and escalator solutions, while the Service segment provides maintenance and modernization services.
As of December 4, 2025, Otis has a market capitalization of $33.9 billion, with a P/E ratio of 25.14 and an EPS of 3.39. The company also boasts a significant dividend yield of 193.2%. Upcoming earnings reports are anticipated on April 21, 2026, with an estimated EPS of $1.02 and revenue of $3.7 billion, and on July 21, 2026, with an estimated EPS of $1.13 and revenue of $3.9 billion.
Insider transactions, such as this sale, are reported to the SEC and can provide transparency regarding how company executives view their stock. However, while such sales may draw investor attention, they should not be the sole basis for investment decisions, as they can stem from various personal or regulatory motivations. Investors are encouraged to consider patterns of insider activity over time and across multiple insiders to gain a more comprehensive view of the company's outlook.